Area Development News Desk

01/02/2012

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Infinisource Holdings Inc. has announced it will move its corporate headquarters and newly created Human Capital Management division to Charlotte, North Carolina, and retain its Benefits Administration division in Coldwater, Michigan. The new division is expected to create 162 jobs over the next five years with a $500,000 capital investment in Mecklenburg County. The average annual wages for the new jobs will be $81,296 (plus benefits).

Infinisource, a national benefits administrator focused on small to mid-market firms, serves more than 17,700 clients in the U.S. It currently employs over 200 associates in Ohio, Florida and Michigan.

"We chose Charlotte not only because it is a great place to live and work, but also because it is an excellent place to find talent," explained CEO Gary Trainor. "The successful launch of our new Human Capital Management division will require strong candidates, and we feel confident we can find what we need in North Carolina."

The expansion project also will consolidate other business functions in Charlotte, including those involving in sales, implementation, customer service and information technology.

The project was made possible in part by a Job Development Investment Grant. It could yield $1.9 million in maximum benefits for Infinisource over the next eight years if the company meets certain targets.